Similarly, in your case if a university is famous or old (but growing in economic clout due to students, investments, etc) then that can be considered an "economic" anchor. 

My goals consist of starting out with Single family (already have my first deal picked out, and in negotiations) then quickly moving into Multifamily and then growing it from there.I do my research and I'm always expanding my knowledge, I don't do anything with out full commitment and I'm looking for the same from a partner.I've always had a way of finding deals in my life (eBay, Amazon, Facebook, Craigslist, etc. ) and I'm more motivated than ever to find them since being introduced to real estate investing. 

Which makes it easier to keep growing and get loan 8, 9 and 10Also it will be amortized for 30 years but rate can adjust after year 7

Remember a couple of days ago I asked about the tenant who is saying she doesn't have to pay rent because of a sewage backup?

Yes, clean your credit, but also keep saving v Remember that your lender will want to see six months of PITI (principal, interests, taxes, and insurance) in your reserves in addition to your down payment.

Remember the worst thing they can say is no.

I have made my way through a couple books as well and growing the list!

I worry a bit about a market correction here in Seattle, and at 4x appreciation, I wonder if it wouldn't be best to take the money and run on one of the units.I don't have plans at the moment to purchase another rental property here in Seattle (I think you'd be crazy to do that right now) or anywhere else, though I guess I would consider it if I could get into a small complex of some sort in a reasonably priced and growing area of the country.

I think there were 1 or 2 who offered a loan (I can't remember because I wanted a LOC). 

I think it's easy to want nicer things but I have to remember that ultimately it's for investment and income.